USD/CAD Price Analysis: Eased CAD CPI Lowers BoC Hike Bets
Canada’s annual inflation rate decreased to 3.4% from April’s 4.4%. Money markets perceive a roughly 60% likelihood of a BOC rate hike in July. Oil fell amid demand worries as the ECB plans more rate hikes. Today’s USD/CAD price analysis is bullish. The Canadian dollar lost strength against the US dollar following data that revealed … Continued The post USD/CAD Price Analysis: Eased CAD CPI Lowers BoC Hike Bets appeared first on Forex Crunch.
Canada’s annual inflation rate decreased to 3.4% from April’s 4.4%. Money markets perceive a roughly 60% likelihood of a BOC rate hike in July. Oil fell amid demand worries as the ECB plans more rate hikes. Today’s USD/CAD price analysis is bullish. The Canadian dollar lost strength against the US dollar following data that revealed … Continued
The post USD/CAD Price Analysis: Eased CAD CPI Lowers BoC Hike Bets appeared first on Forex Crunch.
